-58.7% is the change from 988 to 408
Calculation steps:
[( 408 - 988 ) ÷ 988] x 100 = -58.7%
Formula
Percentage change = [(408 - 988) / 988] x 100
Subtract the new number by the original number
408 - 988 = -580
-580 ÷ 988 = -0.5870445344129555
-0.5870445344129555 x 100 = -58.7%